In Focus This Week: New Shutdown Talks, Fed Speakers, Labor Report
Congress will continue discussing a new bill to fund the government in 2024; OPEC+, Russia and allies are meeting.
Yellen Calls On Lawmakers To Avoid 'Dangerous And Unnecessary' Shutdown
The U.S. Treasury secretary said the shutdown threatens economic progress.
McCarthy's Plan To Avoid Shutdown Is Rejected By Congress
Members of the Republican party joined Democrats to reject the stopgap measure aimed at avoiding the shutdown.
UAW Expands Strike To More Ford And GM Plants
Approximately 7,000 workers will join the walkout, which is now in its third week.
Fed's Preferred Inflation Measure Slows in August
The core PCE had the smallest gain in two years on a monthly basis.
Government Shutdown Nears As Congress Fail To Reach Agreement
House Speaker McCarthy signals he's opposed to the Senate resolution to prevent a shutdown.
Pending Home Sales Sink Amid High Mortgage Rates
The index that follows signed contracts for home sales fell in all regions of the U.S.
US Jobless Claims Remain Near Lowest Level Since January
The number of workers filing for unemployment benefits was little changed last week, showing the resilience of the U.S. job market.
Government Shutdown More Likely As McCarthy Rebuffs Senate's Initiative
The House Speaker rejected Senate's alternative plan to temporarily fund the government.
Durable Goods Orders Surprise With Increase In August
The report shows that demand for military equipment is helping the manufacturing industry.
Biden Shows Support For Auto Workers By Joining Michigan Picket Line
The US president supports the workers' strike to get higher wage increases.
Amazon Is Sued By US Government And 17 States For Illegal Monopoly
The company is accused of adopting practices that stop competitors from emerging or growing.
Jamie Dimon Warns To Be Ready For Interest Rates At 7%
The CEO of JPMorgan said in an interview with Times of India that the worst-case scenario is high rates with stagflation.
New Home Sales Drop To Lowest In Five Months As Interest Rates Rise
Prospective homebuyers are avoiding making purchases amid two-decade high mortgage rates and record-low inventories.
Mixin Network Suspends Operations After $200-Million Hack
The company is investigating the hack and plans to resume service after fixes.
Bob Menendez Says Won't Resign From Senate After Corruption Allegations
The N.J. senator said he will be exonerated after all the facts are presented.
In Focus This Week: Government Shutdown, Strikes, Republican Debate
Politics dominate this week's agenda with negotiations in Congress to avert a government shutdown and the second GOP presidential primary debate.
New Polls Show Warning Signals For Biden, Advances For Trump
Voters increasingly disapprove of Biden's performance, especially on the economy.
US Congressional Leaders Rush Negotiations To Avoid Government Shutdown
Government operations will have to be suspended on Oct. 1 if Congress fails to approve spending for the next fiscal year.
Two Fed Officials Suggest Interest Rates Will Rise Again
Michelle Bowman and Susan Collins said that inflation is expected to remain above target for long period.
Auto Workers Strike Poised To Expand As Negotiations Fail
UAW is expected to announce today whether workers at additional US auto plants will join the strike.
US Allows Venezuelans To Live And Work In The Country To Ease Migrant Crisis
Almost half a million Venezuelans can apply for work permits and avoid deportation as cities and states struggle to deal with large influx of immigrants.
BoE Keeps Interest Rates Unchanged For First Time In Almost Two Years
The pause comes after 14 consecutive increases as consumer prices in the UK rise less than expected.
